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Cable Update (GBPUSD)

  • #618,081
  • Aug 19, 2021 10:40am Aug 19, 2021 10:40am
Here is a list of proper way to trade based on what is your style of trading. You can't scalp on 4hr or daily, and you can't be a long term trader on 15 min chart. Trade safe.
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  • #618,082
  • Aug 19, 2021 10:43am Aug 19, 2021 10:43am
Quoting ServerUang
{quote} I LOVE YOU Vita Alvia ... ehh sorry... I LOVE YOU GBPUSD .... ServerUang https://www.youtube.com/watch?v=Dx9Zcwdrqtk
i never understood why people post songs in their language...
and i dont understand now...

xD
  • #618,083
  • Aug 19, 2021 10:44am Aug 19, 2021 10:44am
Quoting Pat Chiko
{quote} Sometimes based on R;R Most of the time with last fractal/swing high/low. I got algo running at the background to calculate my account financial management. Sometimes, algo do alter my Stop when price start to move *in favour or against.
and THE MOST important question:

how do you know which direction to trade?
  • #618,084
  • Aug 19, 2021 10:44am Aug 19, 2021 10:44am
Quoting Techanalyst
Here is a list of proper way to trade based on what is your style of trading. You can't scalp on 4hr or daily, and you can't be a long term trader on 15 min chart. Trade safe. {image}
Thanks for the info.

But I can;'t help it.

I'm conformable scalping using H4 or Daily TF.

Maybe I just different from others. It's just the H4/Daily giving me such comfort to scalp.

If I look at M30 or below to scalp, I may end up loosing all my money.

But, everyone have their own preference on how to do things.

What will work for one does not always work another.
We all give and take information differently.

I'm just different, nothing special
I come from the future.
Karen X Mas Bonus 2025 All Time Profit: $15,104
  • #618,085
  • Aug 19, 2021 10:46am Aug 19, 2021 10:46am
Quoting Pat Chiko
{quote} Then ask question as if you want to learn, not accusing me insider info or insider trading. Start with tight foot, you will go long way to become best trader in forex or anything you want. Right attitude set the tone. Humble Regards PAT

best trader always learning shifu..
MY OPINION NOT FINANCIAL ADVISE
  • #618,086
  • Aug 19, 2021 10:49am Aug 19, 2021 10:49am
Hello friends the selling we saw this morning to 1.3665 was the completion of yesterday sell order that was delayed by someexternal budding pressure and ended 9am GMT when the European traders had their session to show their bullish intension by bringing rice back to stay above 1.3721 but failing to do so was a signal for American investors to sell or find a safe haven by buying the dollar as well have seen it recently. Now they are also fone selling by breaking the European low 1.3665 by more than 7 is and if they like they can choose to go down further, we shall update on tomorow
  • #618,087
  • Aug 19, 2021 10:52am Aug 19, 2021 10:52am
Good rejection.
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  • #618,088
  • Aug 19, 2021 10:52am Aug 19, 2021 10:52am
Quoting Pat Chiko
{quote} I don't want to create another "Get Rich Quick Scheme". I prefer slow rich.......... Joking only. Yes price may go down a bit or push up range 20 pips. I'm not going to wait for small movement stopping me doing something else., eg like - reading book etc. I want to wind down and enjoy balance of the day. I'm not chasing pips. What I got is sufficient to deliver another "Food Bank" for the needy tomorrow. Yes, I'm running small food bank to help in time of crisis in Malaysia Regards PAT
  • #618,089
  • Aug 19, 2021 10:53am Aug 19, 2021 10:53am
let see how this week close 140 look possible also 13600 or 13500 look possible from here
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MY OPINION NOT FINANCIAL ADVISE
  • #618,090
  • Aug 19, 2021 10:54am Aug 19, 2021 10:54am
You shell not pass 1.36685 mf
and dx you shell not pass 93.345
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yes yes yes
  • #618,091
  • Aug 19, 2021 11:00am Aug 19, 2021 11:00am
Quoting Coreg2004
Maybe enough to the downside for today?... {image} {image}
Coreg2004,

so am I
I'm not so sure to close on my long position, I'm still waiting for a clear direction 3700 is my critical point, whether this trend will continue or ending at today's low
Daddy, Brother, Lover, Little Boy
  • #618,092
  • Aug 19, 2021 11:00am Aug 19, 2021 11:00am
Pat thanks for your input and words of wisdom. Your a great trader and we all have a lot to learn from you.
Thanks
  • #618,093
  • Aug 19, 2021 11:01am Aug 19, 2021 11:01am
Quoting Pat Chiko
{quote} Thanks for the info. But I can;'t help it. I'm conformable scalping using H4 or Daily TF. Maybe I just different from others. It's just the H4/Daily giving me such comfort to scalp. If I look at M30 or below to scalp, I may end up loosing all my money. But, everyone have their own preference on how to do things. What will work for one does not always work another. We all give and take information differently. I'm just different, nothing special
"YOU MUST TRADE THE WAY WE SAY"... yea what I say is go fu....... yourselves trade what you want, how you want and when you want, simple as
  • #618,094
  • Aug 19, 2021 11:05am Aug 19, 2021 11:05am
Quoting genadi
{quote} and THE MOST important question: how do you know which direction to trade?
Hi Genadi , very good question & hard to answer.
But I try, bit long hope to simplify it further if I got time to find a better phrase to it.

So I'll give a quick example of how this works.
Suppose every timeframe from 1 Minute to 1 Month is going up at the same time.
That could be some sort of random event with no significance at all, or it could be caused by an underlying trend.
If it's just a random event, you have about the same probability of winning a reasonable trade as losing it, ignoring the negative expectancy imposed upon your trading by the spread cost.

If however there is some sort of underlying trend at work, it would stand to reason that an appropriate long trade should have a better probability of winning than losing.

That slight trend bias is what my trading seeks to exploit.
All nine timeframes don't have to be moving in the same direction at the same time to enter, but usually most will be.

So, for another example, suppose all the short timeframes are going up, say 1M, 5M, 15M, 30M.
Suppose the H1 is going down.
Suppose all the higher timeframes are going up, the H4, Daily, Weekly and Monthly.
In that situation I'd say the shorter timeframes must have been going down at some previous time to drive down the H1, but they have now already turned back up to rejoin the direction of the longer timeframes.
More often than not, I'd expect the H1 to turn up soon as well.
Of course, I'll not enter against the direction of the market, but if H1 turns up I'd feel comfortable placing a trade.

That's generally what I mean by Price Action Directional analysis. Sorry for bad English.

Point to note here :
I look at the market where price has move dramatically in one direction or the other and how price reacts to these areas when it comes back to them " ... I would offer Simplicity is the core of this statement, having 2 key elements "dramatically in one direction" and "price reacts to these areas when it comes back.

The only real requirement is that all the longer term trends are in your favor, since setting up longer term trades is the actual goal. There is no need spending endless hours trying to perfect the Holy Grail of entry methods.
If only a few more than half of our trades go in our favor right after entry, we can depend on the trend to move some of those to great profit

Best Wishes to your trades

PAT
I come from the future.
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  • #618,095
  • Aug 19, 2021 11:08am Aug 19, 2021 11:08am
Good sell GU
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  • #618,096
  • Aug 19, 2021 11:08am Aug 19, 2021 11:08am
Quoting Houtbay
Pat thanks for your input and words of wisdom. Your a great trader and we all have a lot to learn from you. Thanks

We learn from each other.

Learn to be humanitarian first, then you can trade better

PAT
I come from the future.
Karen X Mas Bonus 2025 All Time Profit: $15,104
  • #618,097
  • Aug 19, 2021 11:12am Aug 19, 2021 11:12am
[quote=genadi;13674657]{quote} i never understood why people post songs in their language... and i dont understand now... xD[/qu
Maybe they mistaken FF with FB?
Always trade your own plan...I don't provide trading signals.
  • #618,098
  • Aug 19, 2021 11:16am Aug 19, 2021 11:16am
Quoting Pat Chiko
{quote} Thanks for the info. But I can;'t help it. I'm conformable scalping using H4 or Daily TF. Maybe I just different from others. It's just the H4/Daily giving me such comfort to scalp. If I look at M30 or below to scalp, I may end up loosing all my money. But, everyone have their own preference on how to do things. What will work for one does not always work another. We all give and take information differently. I'm just different, nothing special
You can trade however you want, whatever you are comfortable with. But trading on 4hr and daily is not scalping. It is a swing.
  • #618,099
  • Aug 19, 2021 11:17am Aug 19, 2021 11:17am
Quoting TopTT
GBP is Heavily Bearish TargeTS {image} Ok See You
Welcome Back.

Long time no see you.

PAT
I come from the future.
Karen X Mas Bonus 2025 All Time Profit: $15,104
  • #618,100
  • Aug 19, 2021 11:18am Aug 19, 2021 11:18am
Quoting Georginson
{quote} It's now in buy zone for at least 50 - 60 pips correction... 4 hours candle stretched by 42 pips which means buying risk is now very minimal. Buy now at 1.3653 and target 1.3700. Cheers.
excellent call... brilliant observation...
Trend_Masters
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